logo
logo

Lycia Therapeutics, Inc. announced it raised $70.1 Million in an initial filing from an offering of $70.1 Million

Lycia Therapeutics, Inc. announced it raised $70.1 Million in an initial filing from an offering of $70.1 Million

09/16/21, 10:05 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan francisco
Money raised
$70.1 million
Industry
biotechnology

Company Info

Company
Lycia Therapeutics, Inc.
Location
681 gateway blvd. 3rd floor
san francisco, california, united states
Additional Info
Lycia is a Series B biotech company building upon the novel platform developed by academic founder Professor Carolyn Bertozzi at Stanford University to develop LYTAC (lysosomal targeting chimera) protein degraders that harness the cell’s lysosomal trafficking and degradation pathway to target both soluble and membrane-bound extracellular proteins. Applications of the LYTAC platform include: targeting challenging membrane proteins, clearing pathogenic immune complexes in circulation and depleting antibodies to specific antigens of interest. The platform can potentially deliver next-generation therapeutics to address a range of difficult-to-treat diseases, including cancer and autoimmune diseases.

Related People